Baltic Shipping Company A/S
Public limited companyCVR 81445710HillerødActive
Baltic Shipping Company A/S is a public limited company, based in Hillerød, active in sea and coastal freight water transport, founded in 1977. Net profit rose 11% from 2024 to 2025, ending at DKK 66.1m. Measured by gross profit, it ranks no. 10 of 103 companies in the industry in the database. Operations are spread over 7 production units in 7 towns.
Key figures · financial year 2025
RevenueDKK 197.7m+4% vs. 2024
Net profitDKK 66.1m+11.3% vs. 2024
EquityDKK 115.8m+86.7% vs. 2024
Employees55latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 3% (2024 → 2025), to DKK 109.9m.
- Revenue rose 4% (2024 → 2025), to DKK 197.7m.
- Net profit rose 11% (2024 → 2025), to DKK 66.1m.
- Equity rose 87% (2024 → 2025), to DKK 115.8m.
Employees
- 2 fewer employees than a year earlier: 55 (07/2026) against 57 (07/2025).
Management and owners, last 24 months
- New in management: Thomas Holst Olsen (chair of the board, 05/05/2026).
- Stepped down: Thomas Holst Olsen (board member, 04/05/2026) and Frederik Christian Rye Lytzen (board member, 05/05/2026).
- New owners registered: Baltic Holding Hundested ApS (16/06/2026).
- No longer registered as owner: Baltic Holding Hundested ApS (15/06/2026) and Lytzen Holding ApS (16/06/2026).
Registrations, last 24 months
- 01/01/2025: Industry changed to Sea and coastal freight water transport (502000)
Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.
Financial statements
Financial years 2020–2025 · amounts in DKK thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | 192,227 | 179,674 | 190,111 | 197,650 | +4% |
| Gross profit | 44,406 | 64,995 | 121,078 | 107,164 | 106,931 | 109,938 | +2.8% |
| Operating profit (EBIT) | 20,114 | 37,569 | 84,118 | 62,554 | 53,784 | 56,412 | +4.9% |
| Profit before tax | 24,305 | 82,029 | 256,395 | 163,768 | 71,739 | 79,573 | +10.9% |
| Net profit | 19,699 | 73,703 | 237,482 | 149,021 | 59,416 | 66,126 | +11.3% |
| Total assets | 67,647 | 142,047 | 312,616 | 305,169 | 416,240 | 345,590 | −17% |
| Equity | 20,460 | 75,163 | 199,645 | 150,016 | 62,007 | 115,781 | +86.7% |
| Liabilities | 46,691 | 66,384 | 112,895 | 154,500 | 354,000 | 229,158 | −35.3% |
| Cash and cash equivalents | 15,060 | 23,130 | 32,958 | 12,097 | 21,749 | 30,539 | +40.4% |
| Average number of employees | 33 | 32 | – | 45 | 57 | 57 | 0% |
Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2021: smaller companies may omit it, and we do not derive it from other figures.
Download the figures as CSV · free with an account, amounts in whole DKK
Signals from the financial statements
calculated from the 2025 figuresProfit for five years in a row
Net result has been positive in 2021–2025.
How is this calculated?
Net result is positive in the five latest annual reports in a row.
The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 27/05/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 01/07/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 24/04/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 09/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 30/03/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 06/04/2021 | The company | PDFXBRL |
The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.
Employees
monthly figures from CVRPosition in the industry
108 companies in the databaseComparison with the other companies in sea and coastal freight water transport based on the latest financial year.
Gross profitDKK 109.9mNo. 10 of 103
Better than 91% of the companies in the industry
EquityDKK 115.8mNo. 25 of 108
Better than 78% of the companies in the industry
Number of employees55No. 26 of 108
Better than 77% of the companies in the industry
Industry median: gross profit DKK 5.1m, net profit DKK 919k, equity DKK 15.4m, 13 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 50–199 employees4,467 companies in the comparison | No. 550of 4,412 Better than 88% | No. 590of 4,466 Better than 87% |
| Same industry and 50–199 employees14 companies in the comparison | No. 4of 12 Better than 73% | No. 10of 14 Better than 31% |
| Companies that are at least 30 years old10,276 companies in the comparison | No. 779of 10,152 Better than 92% | No. 1,137of 10,275 Better than 89% |
| All companies of type A/S18,025 companies in the comparison | No. 1,439of 17,786 Better than 92% | No. 2,059of 18,024 Better than 89% |
The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.
Compare with the industry
Sea and coastal freight water transportGross profit
- Baltic Shipping Company A/SDKK 109.9m
- Unifeeder A/SDKK 554.1m
- Royal Arctic Line A/SDKK 512.4m
Net profit
- Baltic Shipping Company A/SDKK 66.1m
- Unifeeder A/SDKK 208.9m
- Royal Arctic Line A/SDKK 10.9m
Equity
- Baltic Shipping Company A/SDKK 115.8m
- Unifeeder A/SDKK 2.5bn
- Royal Arctic Line A/SDKK 648.4m
Employees
- Baltic Shipping Company A/S55
- Unifeeder A/S146
- Royal Arctic Line A/S40
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterOwners
- Baltic Holding Hundested ApS100%
Baltic Shipping Company A/S
Subsidiaries and ownership shares
Subsidiaries are shown only if they are in the database.
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Peter Ronnie Hulstrøm | Director | 09/09/2014 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Peter Ronnie Hulstrøm | Board member | 09/09/2014 |
| Mikkel Schmidt | Board member | 09/09/2014 |
| Thomas Holst Olsen | Chair of the board | 05/05/2026 |
Former management (23)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Claus Korsgaard Knudsen | Board member | 02/07/1977 | 21/12/2005 |
| Niels Ove Wraae Folting | CEO | 02/07/1977 | 15/12/1988 |
| Mogens Michaelsen | Board member | 02/07/1977 | 14/08/1992 |
| Mogens Michaelsen | Director | 02/07/1977 | 14/08/1992 |
| Günter Apel | Board member | 02/07/1977 | 15/12/1988 |
| Paul Pierre Peronard | Board member | 02/07/1977 | 09/09/2014 |
| Paul Pierre Peronard | CEO | 02/07/1977 | 26/02/1996 |
| Peter Aarosin | Board member | 02/07/1977 | 22/08/2017 |
| Peter Aarosin | Director | 02/07/1977 | 23/08/2017 |
| Bernhard Brüggemann | Board member | 02/07/1977 | 15/12/1988 |
| Dieter Schmidt | Board member | 02/07/1977 | 14/08/1992 |
| Jean Roberg Tonneau | Board member | 02/07/1977 | 14/03/1991 |
| Friedhelm Junk | Board member | 02/07/1977 | 14/08/1992 |
| Auzeau | Board member | 02/07/1977 | 28/01/1994 |
| Gunter Krohn | Board member | 02/07/1977 | 21/03/2007 |
| Klaus-Peter Schmidt | Board member | 02/07/1977 | 28/01/1994 |
| Helmut Botemann | Board member | 21/03/2007 | 06/08/2008 |
| Thomas Maassen | Board member | 06/08/2008 | 09/09/2014 |
| Mogens Bacci Hartz | Chair of the board | 09/09/2014 | 23/08/2017 |
| Thomas Holst Olsen | Board member | 09/09/2014 | 04/05/2026 |
| Christian Aarosin | Board member | 09/09/2014 | 09/04/2018 |
| Peter Aarosin | Chair of the board | 23/08/2017 | 09/04/2018 |
| Frederik Christian Rye Lytzen | Board member | 17/11/2020 | 05/05/2026 |
Signing rule: Selskabet tegnes af bestyrelsesformanden i forening med en direktør eller et medlem af bestyrelsen eller af den samlede bestyrelse.
Address and production units
7 active production unitsFrederiksbro Torv 4
3400 Hillerød
| Production unit | Address | Employees | P number |
|---|---|---|---|
| BALTIC SHIPPING COMPANY A/S | Frederiksbro Torv 4, 1. th, 3400 Hillerød | 27 | 1002622439 |
| BSC Hundested | Færgevejen 4, 3390 Hundested | – | 1030479285 |
| BSC Korsør | Amerikakajen 1, 1, 4220 Korsør | – | 1030478912 |
| BSC København | B-Vej 8, 2300 København S | – | 1030479277 |
| BSC Køge | Indian Kaj 4, 4600 Køge | – | 1030479269 |
| BSC Nykøbing F | Tankgade 7, 4800 Nykøbing F | – | 1030479382 |
| Pakhus Grenaa Havn | Nordhavnsvej 60, 8500 Grenaa | – | 1032519039 |
Purpose
Selskabets formål er at drive befragtning, klarering, spedition, rederiagentur og linieagentur tillige med en- hver form for shipping-virksomhed og anden virksomhed, der står i forbindelse hermed
The purpose is quoted from the register in Danish.
Changes year by year
69 registered events02015
02016
42017
22018
02019
32020
12021
22022
12023
22024
22025
72026
20267 changesownership 3 · accounts 1 · management 3
- OwnershipBALTIC HOLDING HUNDESTED ApS registered as owner (100%)
- OwnershipLytzen Holding ApS is no longer registered as owner
- OwnershipBALTIC HOLDING HUNDESTED ApS is no longer registered as owner
- AccountsAnnual report for 2025 published
- ManagementThomas Holst Olsen appointed chair of the board
- ManagementFrederik Christian Rye Lytzen stepped down as board member
- ManagementThomas Holst Olsen stepped down as board member
20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Sea and coastal freight water transport (502000)
20242 changesaccounts 1 · address 1
- AccountsAnnual report for 2023 published
- AddressMoved to Frederiksbro Torv 4, 1. th, 3400 Hillerød
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20222 changesownership 1 · accounts 1
- OwnershipLytzen Holding ApS registered as owner (10%)
- AccountsAnnual report for 2021 published
20211 changeaccounts 1
- AccountsAnnual report for 2020 published
20203 changesmanagement 1 · ownership 2
- ManagementFrederik Christian Rye Lytzen appointed board member
- OwnershipBALTIC HOLDING HUNDESTED ApS registered as owner (90%)
- OwnershipBALTIC HOLDING HUNDESTED ApS is no longer registered as owner
20182 changesmanagement 2
- ManagementPeter Aarosin stepped down as chair of the board
- ManagementChristian Aarosin stepped down as board member
20174 changesmanagement 4
- ManagementPeter Aarosin appointed chair of the board
- ManagementMogens Bacci Hartz stepped down as chair of the board
- ManagementPeter Aarosin stepped down as director
- ManagementPeter Aarosin stepped down as board member
201410 changesmanagement 8 · ownership 1 · address 1
- ManagementThomas Holst Olsen appointed board member
- ManagementChristian Aarosin appointed board member
- ManagementPeter Ronnie Hulstrøm appointed director
- ManagementMikkel Schmidt appointed board member
- ManagementMogens Bacci Hartz appointed chair of the board
- ManagementPeter Ronnie Hulstrøm appointed board member
- ManagementThomas Maassen stepped down as board member
- ManagementPaul Pierre Peronard stepped down as board member
- OwnershipBALTIC HOLDING HUNDESTED ApS registered as owner (100%)
- AddressMoved to Ved Isefjorden 24, 3390 Hundested
20131 changeaddress 1
- AddressMoved to Færgevejen 2A, 3390 Hundested
20083 changesmanagement 2 · industry 1
- ManagementThomas Maassen appointed board member
- ManagementHelmut Botemann stepped down as board member
- IndustryIndustry changed to Skibsmæglere (522910)
20072 changesmanagement 2
- ManagementHelmut Botemann appointed board member
- ManagementGunter Krohn stepped down as board member
20051 changemanagement 1
- ManagementClaus Korsgaard Knudsen stepped down as board member
19961 changemanagement 1
- ManagementPaul Pierre Peronard stepped down as ceo
19942 changesmanagement 2
- ManagementKlaus-Peter Schmidt stepped down as board member
- ManagementAuzeau stepped down as board member
19924 changesmanagement 4
- ManagementFriedhelm Junk stepped down as board member
- ManagementMogens Michaelsen stepped down as board member
- ManagementMogens Michaelsen stepped down as director
- ManagementDieter Schmidt stepped down as board member
19911 changemanagement 1
- ManagementJean Roberg Tonneau stepped down as board member
19883 changesmanagement 3
- ManagementNiels Ove Wraae Folting stepped down as ceo
- ManagementGünter Apel stepped down as board member
- ManagementBernhard Brüggemann stepped down as board member
197717 changesfounded 1 · management 16
- FoundedRegistered as BALTIC SHIPPING COMPANY A/S
- ManagementJean Roberg Tonneau appointed board member
- ManagementFriedhelm Junk appointed board member
- ManagementClaus Korsgaard Knudsen appointed board member
- ManagementGunter Krohn appointed board member
- ManagementKlaus-Peter Schmidt appointed board member
- ManagementAuzeau appointed board member
- ManagementNiels Ove Wraae Folting appointed ceo
- ManagementMogens Michaelsen appointed board member
- ManagementMogens Michaelsen appointed director
- ManagementGünter Apel appointed board member
- ManagementPaul Pierre Peronard appointed board member
- ManagementPaul Pierre Peronard appointed ceo
- ManagementPeter Aarosin appointed board member
- ManagementPeter Aarosin appointed director
- ManagementBernhard Brüggemann appointed board member
- ManagementDieter Schmidt appointed board member
Related companies
Same people in management
- Cafe Korn ApSvia Christian Aarosin
- Ayvens Danmark A/Svia Claus Korsgaard Knudsen
- Avis Budget Denmark A/Svia Claus Korsgaard Knudsen
- Dansac A/Svia Claus Korsgaard Knudsen
- Oscar A/Svia Claus Korsgaard Knudsen
- Dancover A/Svia Christian Aarosin
Largest in the industry
- Unifeeder A/SDKK 554.1m
- Royal Arctic Line A/SDKK 512.4m
- Torm A/SDKK 388m
- Cadeler A/SDKK 383.6m
- NCT Offshore A/SDKK 315m
- DOF Denmark A/SDKK 205.4m
Source and updates
The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026.